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Interest Servicing Repayment

Repay only the interest during your course of study ("Interest Servicing Period") and the principal and interest of the loan thereafter.


The Interest Servicing Period will be determined by the duration of your course, provided that the Interest Servicing Period shall not exceed 4 years. The Interest Servicing Period will be rounded up to the next 6-month mark, e.g. if the course is 3 years and 7 months, the Interest Servicing Period will be 4 years.


Repayment of Principal + Interest will start at the end of the Interest Servicing Period.

Loan Tenure (Years) Monthly Rest Interest Rate Processing Fee Effective Interest Rate³ Monthly Instalment Amount²
- Course of study
First 4 years: CIMB Prime Rate + 0.49% p.a.¹
2% of the approved loan amount (deducted upon loan disbursement)
- S$100
5 Thereafter: CIMB Prime Rate - 0.11% p.a.¹ 6.44% S$1,716
6 6.34% S$881
7 6.27% S$603
8 6.21% S$465
9 6.15% S$382
10 6.11% S$326

Terms & Conditions

1 The CIMB Prime Rate is currently at 5.5% p.a., 4.78% p.a. (Effective Interest Rate at 5.22% p.a.). It is the lowest rate being offered based on a 10-year loan tenure. Interest rates are subject to change without prior notice. 


2 The monthly instalment amounts have been simplified for illustration purposes.


3 The Effective Interest Rate is calculated taking into consideration the applicable processing fee and based on an approved loan amount of S$20,000. The Effective Interest Rate may differ depending on the applicable monthly rest interest rate and actual loan tenure.


Terms & Conditions apply. Click here to view the full Terms & Conditions.

Important Notice & Disclaimer

The computations and results are for illustrative purposes only and must not be relied upon as advice or an offer of the quoted rates. They do not have any regard to your specific investment objectives, risk profile, tax, accounting or financial situation or any other need(s) or circumstances. CIMB does not represent or warrant that the computations or results from the calculator(s) are complete, accurate, adequate or an official projection by the bank. There are assumptions, projections, limitations and difficulties in using any graph, chart, formula or other devices to determine financing decisions. Therefore, computations or results may vary, be inaccurate or inapplicable. CIMB makes no warranty whatsoever and accepts no liability or responsibility for any errors or omissions or any loss arising whether directly or indirectly as a result of any person acting on any information herein. We recommend that you seek advice from your personal banker before making any decision. Please call us at (65) 6333 7777 or approach our banks at any of our branches to learn more about which of our products and services best fits your needs. When you purchase any CIMB Bank product, we may not necessarily take your result from the calculator(s) into account.